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Monthly Archives: January 2017

ALTA Commitment Form

The American Land Title Association (“ALTA”) has adopted revisions to the ALTA Commitment for Title Insurance effective August 1, 2016. The previous version of the ALTA Commitment for Title Insurance will be decertified on December 31, 2017.  Realtors, lenders, sellers, purchaser, and attorneys can expect to see the new form put into use later in 2017.  A sample of the document is available for review at the below link.  As always, the experts at Liberty Title are available to discuss [...]

By |2017-12-12T19:33:19-04:00January 31st, 2017|Title Insurance News|

Abolishment of Dower in Michigan

Michigan Law has been brought into modern times through the abolishment of dower rights.   Prior to this change in Law, Michigan was the only state which preserved dower for the benefit of women only.  Briefly stated, dower was a specific distribution that a widow could elect as her share of her deceased spouse's estate.  After April 7, 2017 a widow will no longer have the option to elect the dower share.  The elimination of this option for a widow [...]

By |2017-12-12T19:33:19-04:00January 20th, 2017|Announcements, Real Estate Closing - Education|